Well, I have a shitty week coming up but at least I still have a job.... I've been going back and forth between volunteering or not but with a 5 month old and my wife having 0 chance of getting insurance I'm staying for the time being. These are top performers, in any other company or team within the company they'd be safe but since we're an 'elite' team some of the best of the best have to go and there's no room to move them to other teams (everyone has a number to meet).
I'd be curious to hear about others' experiences on either side of a major layoff, what worked and what didn't. What we can say to them is very scripted and there's a generous package but it's still hard to let friends and co-workers go. I'll be able to have real conversations with them after the dirty work is done.
Similar thing happened to me at Cisco back in 2001, I'd only been there 3 months and even though I was doing well I knew the writing was on the wall. My boss pulled me in on Friday and told me I was 100% safe and on Monday (after letting me sit through the Monday morning meeting) he told me the list had been expanded over the weekend. It was really the best work related thing that ever happened to me. They paid me to take the summer off and go fishing, I'd just separated from my wife at the time and me and my girlfriend (my current wife) took a couple weeks and went fishing in Montana.